Safilo Returns to Growth in the Third Quarter: Sales Up 3%, as the CEO Confirms Brand Investment
According to Pambianco News, Safilo's net sales in the third quarter of 2026 rose to €227.5 million (up 3%); CEO Angelo Trocchia points to a recovery in North America.
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- Safilo closed the third quarter of 2026 with net sales of €227.5 million, up 3%.
- North America is growing again (up 7.7%), while Europe stays down in the sunglasses segment.
- CEO Angelo Trocchia says the group is speeding up investment in its main brands and digital infrastructure.
Safilo is growing again. In the third quarter of 2026 the Veneto-based eyewear company's net sales reached €227.5 million, up 3% at current exchange rates and 1.6% at constant rates compared with the same period of 2025, according to Pambianco News. The previous quarter had closed at €239.1 million, down 5.1%. Over nine months, net revenues were €739.4 million, a 2.5% decline at current rates.
Margins
Gross industrial profit in the quarter reached €148 million, up 12.3%: the margin moved from 59.7% to 65.0%, helped by 210 basis points from tariff refunds and 320 basis points from continued favourable price and mix effects.
Adjusted EBITDA came in at €26.0 million, up 17.3%, with the margin rising from 10.0% to 11.4%. The source notes that, excluding one-off items linked to tariff refunds and additional investments, the adjusted EBITDA margin stands at 10.8%.
North America rebounds, Europe slows
Sales in North America were €104.4 million (up 7.7% at current rates), returning to growth after the second-quarter slowdown: Kate Spade, Tommy Hilfiger, Boss and Marc Jacobs performed well, along with Blenders in sunglasses.
In Europe sales were €87.9 million, down 3.3%: the contraction in the French sunglasses market was partly offset by optical frames, while in Germany the decline in the sun segment was concentrated in internet pure players. Italy, Spain and Turkey remained among the most dynamic markets in the region, thanks to Carrera, David Beckham, Carolina Herrera, Isabel Marant and Polaroid.
In Asia-Pacific revenues were €14.2 million: China is growing again, supported by the Beijing optical trade fair. In the rest of the world sales rose to €21.1 million (up 9.8%), driven by a recovery in India.
The quarterly rhythm, after all, is the same one running through the rest of the network: a sneaker drop runs on its calendar, and tech moves in announcement cycles too.
The CEO's statement
"The third quarter marked an improvement in the trend of our sales, confirming the positive signals we had begun to see towards the end of the first half and in July," says Angelo Trocchia, Safilo's chief executive, in a statement. "North America showed clearer signs of recovery, thanks to the gradual stabilisation of market conditions in certain channels, while in Europe the environment remained more difficult for sunglasses in some key markets."
"Also in this quarter we continued to improve margins and generate cash, giving us the flexibility we need to invest in our strategic priorities," Trocchia adds, pointing to "a market environment that remains uncertain and volatile".
The renewed mandate
The company announced an agreement with reference shareholder Multibrands Italy B.V. governing the renewal of Trocchia's mandate for a further three years: the shareholder has committed to confirming him as director and then chief executive of Safilo Group, and as sole director of the subsidiaries Safilo and Safilo Industrial.